Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
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AMADEUS <strong>IT</strong> HOLDING, S.A. AND SUBSIDIARIES<br />
DIRECTORS’ REPORT FOR THE YEAR ENDED DECEMBER 31, 2011<br />
<strong>Amadeus</strong> competition entry, which focused on the company’s innov<strong>at</strong>ion in the field of lowcost<br />
carrier distribution, was also selected as one of ten shortlisted companies th<strong>at</strong> will<br />
compete as a finalist.<br />
� Once again <strong>Amadeus</strong>’ commitment to innov<strong>at</strong>ion was confirmed by top sector rankings as<br />
a European leader for R&D. <strong>Amadeus</strong> maintained its previous year’s top sector rankings<br />
in The 2011 EU Industrial R&D Investment Scoreboard, an annual report published by the<br />
European Commission. The report examines the largest 1,000 European companies<br />
investing in R&D during 2010 <strong>and</strong> ranks them according to the total amount invested.<br />
� <strong>Amadeus</strong> Asia-Pacific won the prestigious 2011 Airline <strong>IT</strong> Solutions Provider of the Year<br />
Award from Frost & Sullivan, which recognises innov<strong>at</strong>ive best practices in the aerospace<br />
<strong>and</strong> defence industry.<br />
1.3 Key Ongoing R&D Projects<br />
The main R&D investment in 2011 rel<strong>at</strong>es to:<br />
- Existing contracts:<br />
� Migr<strong>at</strong>ion efforts in rel<strong>at</strong>ion to Altéa: both some large customers migr<strong>at</strong>ing to our<br />
Departure Control System (10 airlines implemented in 2011 <strong>and</strong> over 10 airlines<br />
scheduled in 2012), as well as our pipeline of customers scheduled to migr<strong>at</strong>e to our<br />
Reserv<strong>at</strong>ions <strong>and</strong> Inventory modules in the upcoming years, including the large<br />
migr<strong>at</strong>ions scheduled for 2012 such as airberlin (direct channel passengers), C<strong>at</strong>hay<br />
Pacific, SAS <strong>and</strong> Singapore Airlines.<br />
� <strong>Amadeus</strong> Hotel Pl<strong>at</strong>form for our launch clients, st<strong>and</strong>alone <strong>IT</strong> solutions or e-<br />
Commerce solutions.<br />
- Expansion of the airline <strong>IT</strong> portfolio, including new modules (as we continue to engage<br />
with clients), <strong>and</strong> the evolution of our existing portfolio, including new products, such as<br />
ancillary services, payment services or new e-Commerce solutions, or new or improved<br />
functionalities.such as enhanced shopping solutions.<br />
- Investments in the Distribution business (<strong>IT</strong> applic<strong>at</strong>ions) focused on:<br />
� Travel agencies: e.g. new gener<strong>at</strong>ion front office, search engines, shopping <strong>and</strong><br />
booking solutions or ancillary services, in addition to investment in improved content,<br />
such as the Multisource hotel initi<strong>at</strong>ive, as well as specific tools for Travel<br />
Management companies.<br />
� Airlines: availability, schedules, ancillary services.<br />
� Rail, with the development of the <strong>Amadeus</strong> Total Rail pl<strong>at</strong>form (improved distribution<br />
systems).<br />
� Corpor<strong>at</strong>ions: <strong>Amadeus</strong> e-Travel management, selling interfaces for corpor<strong>at</strong>e<br />
travellers or mobile tools<br />
� Regionalis<strong>at</strong>ion investment, with the aim to better adapt part of our product portfolio<br />
for specific regions.<br />
- Expansion into hotel <strong>IT</strong>, rail <strong>IT</strong> <strong>and</strong> airport <strong>IT</strong> (including the development of a departure<br />
control service for ground h<strong>and</strong>lers), where we continue to work with different industry<br />
partners.<br />
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